Business
Posting of Circular
Posting of Circular.
About this update from Scancell Holdings Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 9451B\n Scancell Holdings Plc\n 13 October 2020\n \n \n \n \n NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE \n UNITED STATES, AUSTRALIA, CANADA, NEW ZEALAND, JAPAN, THE RUSSIAN FEDERATION, THE REPUBLIC OF IRELAND OR THE REPUBLIC OF SOUTH AFRICA OR IN ANY OTHER JURISDICTION IN WHICH OFFERS OR SALES WOULD BE PROHIBITED BY APPLICABLE LAW. THIS ANNOUNCEMENT IS NOT AN OFFER TO SELL OR A SOLICITATION TO BUY SECURITIES IN ANY JURISDICTION. NEITHER THIS ANNOUNCEMENT NOR ANYTHING CONTAINED HEREIN SHALL FORM THE BASIS OF, OR BE RELIED UPON IN CONNECTION WITH, ANY OFFER OR COMMITMENT WHATSOEVER IN ANY JURISDICTION. \n \n \n 13 October 2020\n \n Scancell Holdings plc\n (\"Scancell\" or the \"Company\")\n \n \n \n Posting of Circular\n \n Scancell Holdings plc (AIM: SCLP), the developer of novel immunotherapies for the treatment of cancer and infectious disease, announces that further to the Company's announcement on 12th October regarding a proposed investment by funds managed by Redmile Group, LLC of up to £30 million for pipeline development and the Open Offer to raise up to approximately £3 million, the Company confirms that the Circular is being posted to shareholders today and will shortly be available on the Company's website: \n \n https://www.scancell.co.uk/2020-capital-raise\n \n \n \n \n First Admission in respect of the Subscription Shares is expected to become effective by no later than 8:00 a.m. on Wednesday 14th October or such later time and/or date as the Redmile Funds and the Company may agree (being no later than the Final Date).\n \n \n The issue of the New Convertible Loan Notes and the Open Offer are subject to, inter alia, the Company obtaining shareholder approval at the General Meeting to grant the Directors the necessary authorities to issue the New Convertible Loan Notes and the Open Offer Shares. Further details of the Capital Raise and the notice of General Meeting are set out in the Circular. \n \n \n The capitalised terms used in this announcement have the same meanings as in the announcement published by the Company at approximately \n \n 7.00\n \n a.m.\n \n \n on Monday 12th October 2020 unless otherwise stated.\n \n \n \n \n \n \n For further information, please contac...